…as marketers reduce depot prices to N825 per liter By Udeme Akpan, Agams-Emuobe Joy & James Favour The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, has said that consumption of Premium Motor Spirit, PMS, otherwise known as petrol, dropped to 1.44 billion litres in June 2025 from 1.76 billion litres in May 2025, indicating a […]

Netzence Sustainability Limited, Netzence, has partnered with The University of Sydney to develop an AI SDN Carbon Stack, a technology designed to reduce the carbon footprint of digital infrastructure through the combined use of Artificial Intelligence, AI, and Software Defined Network, SDN. The agreement was finalised during the visit of Netzence’s Founder and CEO, Dr. […]

The moves by the Federal Government to smoothen its trade facilitation operations got a boost as the Federal Inland Revenue Service (FIRS) and the Nigeria Customs Service (NCS) have stepped up collaboration on the National Single Window (NSW) project.   The NSE is a landmark trade facilitation initiative expected to transform Nigeria’s import and export processes, improve […]

•Pledges availability of clean naira notes By Doreen Ifiemor The Central Bank of Nigeria, CBN, yesterday at its maiden  financial services fair, counselled members of the banking public on proper use of alternative payment channels, naira notes, consumer rights and obligations as well as practical tips on fraud prevention.  Addressing participants at the fair which held […]

By John Alechenu Abuja — The National  Sugar Development Council (NSDC) has signed agreements with four operators to develop greenfield sugar projects that will collectively produce 400,000 tonnes locally on an annual basis. This, the NSDC said,  is the latest phase in an ambitious campaign to slash the country’s hefty sugar import bill and achieve […]

•••Dangote Refinery reduces gantry price of petrol to N820 per litre By Udeme Akpan, Energy Editor Nigeria’s oil output, excluding condensate, rose by 11 per cent, year-on-year, YoY  to 1.559 million barrels per day, bpd in July, representing the highest monthly production level in 2025. Organisation of Petroleum Exporting Countries, OPEC disclosed this yesterday in its August […]

Elektron Finance SPV Plc, a funding vehicle wholly owned by Elektron Energy Development Strategies Limited , based in Nigeria, has announced the launch of its N200 billion bond issuance programme and the successful completion of a N4.64 billion 15-year Series 1 Senior Guaranteed Fixed Rate Infrastructure Bond.

By Emeka Anaeto Against the back drop of strains in the Nigerian economy arising from dependence on oil for government revenue, Nigeria’s non-oil exports rose 19.6% to $3.225 billion in the first half of 2025, from $2.7 billion recorded in the corresponding period of 2024, H1’24. Disclosing this yesterday, Nonye Ayeni, Chief Executive of Nigerian’s […]

By Peter Egwuatu Pension Fund’s investment in Real Estate Investment Trusts, REITs, increased astronomically to N77.8 billion in the first half of 2025, H1’25. This is massive 417.8 percent jump from N15.028 billion recorded in the same period of 2024, HI’24, a reflection of improved interest in the trust. Meanwhile, direct investments of pension funds by […]

By Mariam Eko The Transmission Company of Nigeria, TCN, said it has expended over N88 billion on repairs of vandalised infrastructure from 2021 to date nationwide. Speaking at the public sensitization on the ills of vandalism of TCN infrastructure at the Odogunyan 132Kv Transmission Substation in Ikorodu, TCN’s Principal Manager, Lines, Engr. Seyi Onabajo, noted that […]

…As importation rises 328% to N2.2trn •Sugarcane farmers lament neglect, access to sugar refiners By Babajide Komolafe, Economy Editor, Gabriel Ewepu and John Alechenu Reflecting the gross under-performance of the sugar sector after over 15 years efforts towards self-sufficiency through local production, Nigeria’s importation of sugar and sugarcane rose sharply by 328 per cent in five […]

By Peter Egwuatu  The newly enacted Insurance Industry Act, improved corporate earnings for the second quarter of the year, Q2’25, and some macro economics development have greatly impacted the stock market, as the major index of the market rose Week on Week, WoW, by 3.2%. Specifically, the Nigerian Exchange Limited, NGX, All Share Index, ASI, closed […]

The Nigerian Export Promotion Council (NEPC) has announced that the country’s non-oil exported products in the first half of 2025 were valued at $3.225 billion.

“Now entering the “Transformation” phase, the brand is embracing a new name, T2… to lead in innovation, customer experience, and digital lifestyle enablement”

By Providence Ayanfeoluwa Following what is perceived as agenda to sabotage government reforms in the Marine and Blue Economy sectors, the National Association of Government Approved Freight Forwarders, NAGAFF, has called for the deregistration of four associations and requested the withdrawal of their Corporate Affairs Commission, CAC, certificates for national interest. NAGAFF said it carefully observed […]